Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. cut its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,534,000 shares of the utilities provider’s stock after selling 604,980 shares during the quarter. Cibc World Market Inc.’s holdings in Brookfield Infrastructure Partners were worth $207,716,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at about $26,000. Dunhill Financial LLC acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at approximately $77,000. Wilmington Savings Fund Society FSB acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at approximately $101,000. Finally, Eastern Bank acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at approximately $158,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BIP shares. Raymond James raised their price objective on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a research note on Thursday. TD Securities raised their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, StockNews.com downgraded Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Brookfield Infrastructure Partners presently has a consensus rating of “Buy” and a consensus target price of $42.75.

Brookfield Infrastructure Partners Trading Up 4.5 %

NYSE:BIP opened at $33.57 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 1.72. The business’s 50 day moving average is $32.83 and its two-hundred day moving average is $32.93. Brookfield Infrastructure Partners L.P. has a 52 week low of $24.84 and a 52 week high of $36.50. The company has a market cap of $15.58 billion, a PE ratio of -88.33 and a beta of 1.07.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 0.02% and a net margin of 0.03%. On average, analysts predict that Brookfield Infrastructure Partners L.P. will post 3.08 EPS for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 4.83%. The ex-dividend date was Friday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is -426.32%.

Brookfield Infrastructure Partners Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.